Data / Crowdfunding / California / Revival Rugs Inc
Revival Rugs Inc: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,235,000 (2023)
Revival Rugs Inc, a corporation in Berkeley, CA, filed a Form C with the SEC on March 17, 2023 to raise $25,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 28, 2023. In its most recent fiscal year it reported $50,754,823 in revenue and a net loss of $3,983,592, with 23 employees.
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- Website
- www.revivalrugs.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 3120 TELEGRAPH 1C, Berkeley, CA 94705
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 1, 2017
- SEC CIK
- 0001967435
Offering terms
From the offering filed March 17, 2023.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,235,000
- Deadline
- April 28, 2023
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed October 10, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $50,754,823 | $27,200,167 | sec.gov |
| Cost of goods sold | $25,966,095 | $14,542,288 | sec.gov |
| Net income | $-3,983,592 | $-2,638,958 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $11,679,088 | $8,975,471 | sec.gov |
| Cash | $1,322,350 | $3,544,997 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $6,828,545 | $2,237,369 | sec.gov |
| Long-term debt | $372,983 | $2,452,398 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 10, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| October 10, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| May 1, 2023 | Progress update | $25,000 | $1,235,000 | April 28, 2023 | The Offering closed successfully on 4/29/2023, having received investment commitments of $175,902, although a final accounting has not taken place. | sec.gov |
| March 17, 2023 | Offering | $25,000 | $1,235,000 | April 28, 2023 | sec.gov |
Updated October 10, 2025. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.